Top 5 Reasons Why Buying is Better than Building!

Top 5 Reasons Why Buying is Better than Building!

Written by FrugalTrader on May 16, 2007 filed under Real Estate

Last week I posted about why building a new house is better than purchasing an older home. This time around, I’m going to go through the reasons why buying older is better!

5. Established neighorhood with trees and other greenery

Older homes are established with trees and other greenery whereas new homes are just getting started with little or no vegetation. Depends on the person I guess, but we enjoy mature trees in a neighborhood.
4. You know exactly what you are getting

Even though you are picking out the designs in the new home, there is no way of seeing exactly how it’s going to turn out (unless you copy an existing new home). With older homes, what you see is what you get. Predictability can be comforting.
3. No loud construction going on nearby

Construction crews start really early in the morning and moving into a new neighborhood will be full of construction. Although the construction noise is temporary (year or two), less noise is better. :)
2. You don’t need to go through the pain of building

Lets face it, even though I’m not driving the nails myself, it is still a pain to ensure the work is being done right on a daily basis for 3-4 months straight! Older homes enable you to move in right away without the hassle of building.
1. You can negotiate the price

I like getting deals. Even if it means just a few thousand dollars off the asking price, it’s still a deal. In popular new neighborhoods around here, there is no negotiating with the builder. What they tell you to pay, you pay. With older homes, you can negotiate a deal with the vendor.